JPMorgan Chase & Co. Issues Positive Forecast for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT) had its target price upped by research analysts at JPMorgan Chase & Co. from $124.00 to $132.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 1.05% from the company’s current price.

Other research analysts also recently issued research reports about the company. TD Cowen upped their price objective on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $131.60.

Vertiv Price Performance

Shares of VRT stock traded up $10.38 during trading hours on Tuesday, hitting $133.40. 4,085,914 shares of the company’s stock were exchanged, compared to its average volume of 8,146,420. Vertiv has a 52 week low of $41.01 and a 52 week high of $133.46. The stock has a market cap of $50.07 billion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock’s 50-day moving average is $106.34 and its 200-day moving average is $93.93.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company posted $0.52 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, research analysts forecast that Vertiv will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC lifted its stake in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after buying an additional 92 shares in the last quarter. Allworth Financial LP lifted its position in Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after acquiring an additional 100 shares in the last quarter. NBC Securities Inc. lifted its position in Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after acquiring an additional 112 shares in the last quarter. Nvwm LLC boosted its stake in Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after purchasing an additional 124 shares during the period. Finally, Callan Family Office LLC increased its holdings in Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after purchasing an additional 137 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.